Notable Upgrades: Apple (AAPL), eBay Inc. (EBAY), Netflix (NFLX), Applied Optoelectronics (AAOI), bluebird bio (BLUE)

Apple Inc. (AAPL) was reiterated a ‘Outperform’ by Cowen analysts on Tuesday. The broker also raised its price target on the stock to $140 from $135 after concluding that the current iPhone cycle is stronger than previously expected.

Apple Inc. shares are currently priced at 16.16x this year’s forecasted earnings, which makes them inexpensive compared to the industry’s 26.31x earnings multiple. Ticker has a forward P/E of 13.49 and t-12 price-to-sales ratio of 3.60. EPS for the same period is $8.05.

Over the past year, shares of Cupertino, California-based tech company have traded between a low of $86.64 and a high of $134.54 and are now at $130.02. Shares are up 55.46% year-over-year and 21.05% year-to-date.

Analysts at Axiom Capital upgraded their rating on the shares of eBay Inc. (EBAY). In a research note published on Tuesday, the firm lifted the name with a ‘Buy‘ from ‘Hold‘ rating and set a 12-month base case estimate of $70 from $60 per share.

On valuation measures, eBay Inc. shares are currently priced at 24.51x this year’s forecasted earnings, compared to the industry’s 16.56x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.85 and 17.26, respectively. Price/sales for the same period is 4.01 while EPS is $2.40. Currently there are 15 analysts that rate EBAY a ‘Buy‘ versus 22 rating it a ‘Hold‘. Two analysts rate it a ‘Sell‘. EBAY has a median Wall Street price target of $62 with a high target of $75.

In a report published Tuesday, Cowen analysts raised their price target on Netflix, Inc. (NFLX) from $625 to $760, implying 23% expected upside.

NFLX shares recently lost 5.97 to $615.90. In the past 52 weeks, shares of Los Gatos, California-based video streaming company have traded between a low of $315.54 and a high of $628.50. Shares are up 58.72% year-over-year and 82.04% year-to-date.

Applied Optoelectronics, Inc. (AAOI) was reiterated as ‘Strong Buy’ with a $26 from $17 price target on Tuesday by Raymond James.

AAOI is up $1.12 at $17.79 on heavy volume. Midway through trading Tuesday, 601K shares of Applied Optoelectronics Inc. have exchanged hands as compared to its average daily volume of 251K shares. The stock has ranged intraday in a price between $16.39-$17.97 after having opened the day at $17.31 as compared to the previous trading day’s close of $16.67.

In the past 52 weeks, shares of Sugar Land, Texas-based company have traded between a low of $8.17 and a high of $24.18. Shares are down 10.66% year-over-year ; up 48.57% year-to-date.

bluebird bio, Inc. (BLUE) rating of ‘Overweight’ was reiterated today at Piper Jaffray with a price target increase of $213 from $186 (versus a $178.38 previous close).

BLUE shares recently gained $6.40 to $184.78. The stock is up 665.58% year-over-year and has gained roughly 95% year-to-date. In the past 52 weeks, shares of Cambridge, Massachusetts-based company have traded between a low of $20.01 and a high of $189.06.

bluebird bio Inc. closed Friday at $178.38. The name has a current market cap of $6.07 billion.

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